---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-26-000947"
form_type: "8-K"
ticker: "BNET"
cik: "0000875729"
company_name: "BION ENVIRONMENTAL TECHNOLOGIES INC"
filed_at: "2026-07-14T17:03:31+00:00"
generated_at: "2026-07-14T17:04:09.415287+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bion settles Fair Oaks construction litigation; issues $1.77M convertible note to Hamstra

## Summary
- Settlement with Hamstra Builders dismisses all mechanics liens and litigation related to Fair Oaks Ammonia Recovery System construction.
- Bion issues $1,774,512.72 convertible promissory note to Hamstra: 10% interest, maturity Dec 31, 2026, cash payment of $653,915 at future financing, balance convertible at that financing price.
- All holders of Bion's Secured Convertible Notes and May 2024 Notes (maturity June 30, 2026) extend maturity to Dec 31, 2026; Bion Loan Group note extended to Jan 31, 2027.
- CEO Craig Scott says settlement completes cleanup of capital structure and readies company for recapitalization and growth.

## SEC filing metadata
- accession: 0001079973-26-000947
- form_type: 8-K
- ticker: BNET
- cik: 0000875729
- company_name: BION ENVIRONMENTAL TECHNOLOGIES INC
- filed_at: 2026-07-14T17:03:31+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/875729/000107997326000947/0001079973-26-000947-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/875729/000107997326000947/bion_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-26-000947
- JSON: https://secwatch.observer/filing/0001079973-26-000947.json
- Plain text: https://secwatch.observer/filing/0001079973-26-000947.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.